Time to Reassess Your Life Insurance After Tax Reform
From the Kiplinger Magazine website
It has always been a good idea to regularly review your life insurance policies to make sure they still meet your needs. But the changes in tax law provide extra incentive to reassess your policies’ costs and benefits.
The new tax law roughly doubled the federal estate-tax exemption, to $11.18 million in 2018. So the vast majority of people who originally purchased policies to help cover estate tax are no longer subject to the tax. The new law also created more favorable tax treatment for people who sell their policies to investors.
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